Bellway Future Growth
Future criteria checks 2/6
Bellway is forecast to grow earnings and revenue by 12% and 4.4% per annum respectively. EPS is expected to grow by 14.3% per annum. Return on equity is forecast to be 6.9% in 3 years.
Key information
12.0%
Earnings growth rate
14.33%
EPS growth rate
| Consumer Durables earnings growth | 12.5% |
| Revenue growth rate | 4.4% |
| Future return on equity | 6.86% |
| Analyst coverage | Good |
| Last updated | 09 Jun 2026 |
Recent future growth updates
Recent updates
Narrative Update • May 26
BWY: Margin Pressures Will Set Up Future Rebound In Returns
The analyst price target for Bellway has been reduced by £5.09 per share, with analysts pointing to pressure on fair value assumptions, a slightly higher discount rate, and more cautious expectations for revenue growth, profit margins, and future P/E multiples. Analyst Commentary Recent Street research on Bellway highlights a mix of cautious and more constructive views around valuation, execution risk, and future growth potential.
Narrative Update • May 07
BWY: Future P/E Will Reflect Mixed Rating Shifts And Execution Risks
Bellway's analyst price target has been adjusted from £24.44 to £19.00 as analysts factor in revised assumptions for revenue growth, profit margins and discount rates, informed by recent target cuts at several banks and a rating upgrade at Peel Hunt. Analyst Commentary Recent research on Bellway shows a mix of views, with some upgrades highlighting company specific strengths and several price target cuts pointing to lingering concerns about growth, profitability and execution risks.Analysis Article • May 07
Should You Investigate Bellway p.l.c. (LON:BWY) At UK£19.95?
While Bellway p.l.c. ( LON:BWY ) might not have the largest market cap around , it saw a decent share price growth of...
Narrative Update • Apr 22
BWY: Reset Expectations And Earnings Quality Will Support Future Re Rating
Analysts have reduced their price target for Bellway by £3.40 per share, reflecting revised expectations for revenue growth, profit margins and future P/E multiples following recent research updates from several major banks. Analyst Commentary Recent research on Bellway points to a mixed backdrop, but there are several clear positives that bullish analysts highlight when they look at valuation, execution and potential growth in earnings quality.Narrative Update • Apr 08
BWY: Earnings Execution And Margins Will Support Higher Future Pricing
Bellway’s analyst fair value estimate has shifted from £36.26 to £37.43, as analysts factor in updated assumptions on the discount rate, revenue growth, profit margins and future P/E following a mix of recent price target cuts and one upgrade. Analyst Commentary Recent Street research on Bellway has been mixed, with one upgrade and several price target revisions.Narrative Update • Mar 24
BWY: Future P/E Reset Will Support Cautious Yet Bullish Undervaluation View
Analysts have trimmed their price target on Bellway to £3,390 from £3,410, reflecting updated assumptions around fair value, discount rate, revenue growth, profit margin and future P/E. Analyst Commentary Bearish analysts have used the latest price target trim to £3,390 as a signal that their assumptions on valuation, required return and earnings visibility remain conservative.Narrative Update • Mar 09
BWY: Future P/E Repricing Will Support Constructive Undervaluation Case
Analysts have trimmed their price target for Bellway slightly to £3,390 from £3,410, reflecting updated views on revenue growth, profit margins and future P/E assumptions, while retaining a broadly constructive stance on the shares. Analyst Commentary The small trim in the price target to £3,390 from £3,410 signals that bearish analysts see a little less headroom for upside, even while the broader stance on the shares remains constructive.Narrative Update • Feb 23
BWY: Dividend Policy And Margin Outlook Will Support Future Returns
Analysts have nudged their Bellway price target slightly higher to £31.86 from £31.78, reflecting small adjustments to fair value assumptions, the discount rate, revenue growth, profit margin and expected future P/E. What's in the News Shareholders approved new Articles of Association at the AGM held on 27 November 2025, updating Bellway's corporate bylaws (AGM filing).Narrative Update • Feb 09
BWY: Higher P/E Assumptions And Dividend Policy Will Support Future Returns
Analysts have nudged their fair value estimate for Bellway slightly lower to £31.78 from £31.88, citing small adjustments to the discount rate, revenue growth assumptions, profit margin outlook, and future P/E expectations. What's in the News Shareholders approved the adoption of new Articles of Association at the AGM held on 27 November 2025, updating Bellway's company bylaws and governance framework (AGM, 27 November 2025).Narrative Update • Jan 25
BWY: Fair Outlook Will Balance Higher Discount Rate And Dividend Decisions
Analysts have lifted their price target on Bellway from £24.50 to £27.45, citing updated assumptions for the discount rate, revenue growth, profit margins and future P/E as the key drivers of the change. What's in the News Shareholders approved new Articles of Association at the AGM held on 27 November 2025, updating the company’s governing document (AGM resolution).Analysis Article • Jan 22
Investors Appear Satisfied With Bellway p.l.c.'s (LON:BWY) Prospects
Bellway p.l.c.'s ( LON:BWY ) price-to-earnings (or "P/E") ratio of 20x might make it look like a sell right now...Narrative Update • Jan 11
BWY: Higher P/E Assumptions Will Support A Stronger Future Share Price
Analysts have nudged their price target on Bellway higher, with one recent move taking it to £3,090 from £3,000. This reflects updated assumptions on fair value, discount rate, growth and P/E expectations.Analysis Article • Nov 25
Bellway (LON:BWY) Is Increasing Its Dividend To £0.49
Bellway p.l.c. ( LON:BWY ) will increase its dividend from last year's comparable payment on the 14th of January to...Analysis Article • Nov 18
Estimating The Intrinsic Value Of Bellway p.l.c. (LON:BWY)
Key Insights The projected fair value for Bellway is UK£33.54 based on 2 Stage Free Cash Flow to Equity Current share...Analysis Article • Oct 31
Bellway (LON:BWY) Will Pay A Larger Dividend Than Last Year At £0.49
Bellway p.l.c.'s ( LON:BWY ) dividend will be increasing from last year's payment of the same period to £0.49 on 14th...Analysis Article • Oct 17
Bellway (LON:BWY) Is Paying Out A Larger Dividend Than Last Year
Bellway p.l.c. ( LON:BWY ) has announced that it will be increasing its dividend from last year's comparable payment on...Analysis Article • Oct 11
Is Bellway p.l.c. (LON:BWY) Potentially Undervalued?
Bellway p.l.c. ( LON:BWY ), is not the largest company out there, but it saw significant share price movement during...Narrative Update • Sep 05
New Facilities And Efficient Operations Will Secure Future Success
Analysts maintain a cautious stance on Bellway amid uncertainty over 2026 volume growth and UK housing market pressures, balanced by recent resilient trading and earnings potential, resulting in an unchanged consensus price target of £31.13. Analyst Commentary Mixed views on Bellway's ability to deliver fiscal 2026 volume growth, with some analysts anticipating increased operational challenges.Analysis Article • Aug 21
Bellway p.l.c. (LON:BWY) Not Lagging Market On Growth Or Pricing
LSE:BWY 1 Year Share Price vs Fair Value Explore Bellway's Fair Values from the Community and select yours With a...Analysis Article • Jul 25
Bellway (LON:BWY) Has A Somewhat Strained Balance Sheet
Warren Buffett famously said, 'Volatility is far from synonymous with risk.' When we think about how risky a company...Analysis Article • May 10
Why Investors Shouldn't Be Surprised By Bellway p.l.c.'s (LON:BWY) 26% Share Price Surge
Bellway p.l.c. ( LON:BWY ) shares have had a really impressive month, gaining 26% after a shaky period beforehand...Analysis Article • Apr 18
Is Bellway (LON:BWY) Using Too Much Debt?
David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...Analysis Article • Mar 28
Bellway (LON:BWY) Has Announced A Dividend Of £0.21
The board of Bellway p.l.c. ( LON:BWY ) has announced that it will pay a dividend of £0.21 per share on the 1st of...
New Narrative • Feb 09
Expansion Of Outlets And Ashberry Brand Will Boost Future Private Sales Volume
Strong balance sheet and strategic initiatives set the stage for multiyear volume growth and improved returns, boosting revenue and earnings.Analysis Article • Jan 31
A Look At The Intrinsic Value Of Bellway p.l.c. (LON:BWY)
Key Insights The projected fair value for Bellway is UK£28.27 based on 2 Stage Free Cash Flow to Equity With UK£26.06...Analysis Article • Nov 28
Does Bellway (LON:BWY) Have A Healthy Balance Sheet?
Warren Buffett famously said, 'Volatility is far from synonymous with risk.' When we think about how risky a company...Analysis Article • Nov 12
Bellway (LON:BWY) Has Announced A Dividend Of £0.38
Bellway p.l.c. ( LON:BWY ) will pay a dividend of £0.38 on the 8th of January. This payment takes the dividend yield to...Analysis Article • Nov 03
Bellway p.l.c.'s (LON:BWY) Earnings Haven't Escaped The Attention Of Investors
Bellway p.l.c.'s ( LON:BWY ) price-to-earnings (or "P/E") ratio of 25.6x might make it look like a strong sell right...Analysis Article • Oct 18
Bellway's (LON:BWY) Dividend Will Be £0.38
The board of Bellway p.l.c. ( LON:BWY ) has announced that it will pay a dividend on the 8th of January, with investors...Analysis Article • Oct 15
Is There Now An Opportunity In Bellway p.l.c. (LON:BWY)?
Bellway p.l.c. ( LON:BWY ), might not be a large cap stock, but it saw a double-digit share price rise of over 10% in...Analysis Article • Aug 17
Calculating The Fair Value Of Bellway p.l.c. (LON:BWY)
Key Insights Using the 2 Stage Free Cash Flow to Equity, Bellway fair value estimate is UK£33.69 With UK£30.26 share...Analysis Article • Jul 27
Does Bellway (LON:BWY) Have A Healthy Balance Sheet?
Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it might be obvious that you need to...Analysis Article • Jul 04
Is Bellway p.l.c. (LON:BWY) Potentially Undervalued?
Bellway p.l.c. ( LON:BWY ), is not the largest company out there, but it received a lot of attention from a substantial...Analysis Article • Jun 14
What Bellway p.l.c.'s (LON:BWY) P/E Is Not Telling You
It's not a stretch to say that Bellway p.l.c.'s ( LON:BWY ) price-to-earnings (or "P/E") ratio of 14.7x right now seems...Analysis Article • May 11
A Look At The Fair Value Of Bellway p.l.c. (LON:BWY)
Key Insights The projected fair value for Bellway is UK£22.92 based on 2 Stage Free Cash Flow to Equity Bellway's...Analysis Article • Apr 26
Bellway (LON:BWY) Is Paying Out Less In Dividends Than Last Year
Bellway p.l.c. ( LON:BWY ) is reducing its dividend from last year's comparable payment to £0.16 on the 1st of July...Analysis Article • Apr 10
Bellway's (LON:BWY) Dividend Will Be Reduced To £0.16
Bellway p.l.c. ( LON:BWY ) is reducing its dividend from last year's comparable payment to £0.16 on the 1st of July...Analysis Article • Mar 16
What Does Bellway p.l.c.'s (LON:BWY) Share Price Indicate?
While Bellway p.l.c. ( LON:BWY ) might not have the largest market cap around , it saw a double-digit share price rise...Analysis Article • Feb 05
Capital Allocation Trends At Bellway (LON:BWY) Aren't Ideal
There are a few key trends to look for if we want to identify the next multi-bagger. Typically, we'll want to notice a...Analysis Article • Jan 18
Lacklustre Performance Is Driving Bellway p.l.c.'s (LON:BWY) Low P/E
Bellway p.l.c.'s ( LON:BWY ) price-to-earnings (or "P/E") ratio of 8.4x might make it look like a buy right now...Analysis Article • Jan 03
Here's Why We Think Bellway (LON:BWY) Is Well Worth Watching
Investors are often guided by the idea of discovering 'the next big thing', even if that means buying 'story stocks...Analysis Article • Dec 15
At UK£25.34, Is Bellway p.l.c. (LON:BWY) Worth Looking At Closely?
Bellway p.l.c. ( LON:BWY ), might not be a large cap stock, but it led the LSE gainers with a relatively large price...Analysis Article • Nov 07
Bellway (LON:BWY) Is Due To Pay A Dividend Of £0.95
Bellway p.l.c.'s ( LON:BWY ) investors are due to receive a payment of £0.95 per share on 10th of January. This payment...Analysis Article • Nov 03
Estimating The Intrinsic Value Of Bellway p.l.c. (LON:BWY)
Key Insights Using the 2 Stage Free Cash Flow to Equity, Bellway fair value estimate is UK£18.77 Current share price of...Earnings and Revenue Growth Forecasts
| Date | Revenue | Earnings | Free Cash Flow | Cash from Op | Avg. No. Analysts |
|---|---|---|---|---|---|
| 7/31/2028 | 3,303 | 233 | 232 | 321 | 13 |
| 7/31/2027 | 3,146 | 202 | 215 | 318 | 16 |
| 7/31/2026 | 3,064 | 207 | 100 | 229 | 16 |
| 1/31/2026 | 2,874 | 157 | 72 | 83 | N/A |
| 10/31/2025 | 2,828 | 157 | 100 | 111 | N/A |
| 7/31/2025 | 2,783 | 158 | 127 | 139 | N/A |
| 4/30/2025 | 2,660 | 152 | 54 | 63 | N/A |
| 1/31/2025 | 2,537 | 147 | -19 | -13 | N/A |
| 10/31/2024 | 2,458 | 139 | -43 | -39 | N/A |
| 7/31/2024 | 2,380 | 131 | -67 | -65 | N/A |
| 4/30/2024 | 2,625 | 175 | -1 | 1 | N/A |
| 1/31/2024 | 2,870 | 219 | 65 | 67 | N/A |
| 10/31/2023 | 3,139 | 292 | 149 | 152 | N/A |
| 7/31/2023 | 3,407 | 365 | 234 | 236 | N/A |
| 4/30/2023 | 3,486 | 294 | 241 | 242 | N/A |
| 1/31/2023 | 3,566 | 222 | 248 | 248 | N/A |
| 10/31/2022 | 3,551 | 232 | 146 | 147 | N/A |
| 7/31/2022 | 3,537 | 243 | 45 | 45 | N/A |
| 4/30/2022 | 3,359 | 327 | 27 | 28 | N/A |
| 1/31/2022 | 3,182 | 412 | 9 | 11 | N/A |
| 10/31/2021 | 3,152 | 401 | 219 | 222 | N/A |
| 7/31/2021 | 3,123 | 391 | 429 | 433 | N/A |
| 4/30/2021 | 2,764 | 287 | 409 | 414 | N/A |
| 1/31/2021 | 2,405 | 183 | 389 | 396 | N/A |
| 10/31/2020 | 2,315 | 188 | 162 | 169 | N/A |
| 7/31/2020 | 2,225 | 193 | -66 | -58 | N/A |
| 4/30/2020 | 2,746 | 358 | 78 | 86 | N/A |
| 1/31/2020 | 3,267 | 523 | 222 | 229 | N/A |
| 10/31/2019 | 3,240 | 531 | N/A | 260 | N/A |
| 7/31/2019 | 3,213 | 539 | N/A | 292 | N/A |
| 4/30/2019 | 3,167 | 539 | N/A | N/A | N/A |
| 1/31/2019 | 3,121 | 540 | N/A | 288 | N/A |
| 10/31/2018 | 3,039 | 530 | N/A | 271 | N/A |
| 7/31/2018 | 2,958 | 520 | N/A | 254 | N/A |
| 4/30/2018 | 2,846 | 504 | N/A | N/A | N/A |
| 1/31/2018 | 2,734 | 488 | N/A | 195 | N/A |
| 10/31/2017 | 2,647 | 471 | N/A | 174 | N/A |
| 7/31/2017 | 2,559 | 454 | N/A | 153 | N/A |
| 4/30/2017 | 2,431 | 438 | N/A | 95 | N/A |
| 1/31/2017 | 2,304 | 422 | N/A | 36 | N/A |
| 10/31/2016 | 2,272 | 412 | N/A | 100 | N/A |
| 7/31/2016 | 2,241 | 403 | N/A | 163 | N/A |
| 4/30/2016 | 2,130 | 371 | N/A | 147 | N/A |
| 1/31/2016 | 2,019 | 339 | N/A | 132 | N/A |
| 10/31/2015 | 1,892 | 311 | N/A | 81 | N/A |
| 7/31/2015 | 1,765 | 283 | N/A | 29 | N/A |
Analyst Future Growth Forecasts
Earnings vs Savings Rate: BWY's forecast earnings growth (12% per year) is above the savings rate (3.4%).
Earnings vs Market: BWY's earnings (12% per year) are forecast to grow faster than the UK market (11.5% per year).
High Growth Earnings: BWY's earnings are forecast to grow, but not significantly.
Revenue vs Market: BWY's revenue (4.4% per year) is forecast to grow slower than the UK market (4.5% per year).
High Growth Revenue: BWY's revenue (4.4% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: BWY's Return on Equity is forecast to be low in 3 years time (6.9%).
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/06/09 06:56 |
| End of Day Share Price | 2026/06/09 00:00 |
| Earnings | 2026/01/31 |
| Annual Earnings | 2025/07/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Bellway p.l.c. is covered by 33 analysts. 16 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Gavin Jago | Barclays |
| Rajesh Patki | Barclays |
| Jonathan Bell | Barclays |